Tax Q&A

Do I need to pay or declare income tax on donations received?

Hi Tim, I have started a small web design business with a turnover of just under R60 000 per year. I am struggling financially, so my father has been helping me

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Can you offset initial expenses against future income all from the same tax year?

If you have just started a business and have not earned income yet, would you be able to deduct the initial expenses from future months when you do earn income?

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Capital gains tax on share portfolio?

I have a stock market share portfolio. I have received a summary of capital gain for the 2013 tax year. Do I declare this gain even though the gain is still i

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If I am a new Estate Agent what do I need to pay tax?

If I am a new Estate Agent what do I need to pay tax? I would prefer to pay my own tax rather than the Agency. How do you earn your income? Commission onl

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International Tax and Tax Treaties

Dear Tax Tim I earn international income as an individual (not a registered company ) on a monthly basis, what type tax will I be liable for in South Africa? Wi

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IRP5 corrected but not on eFiling?

I was issued an IRP5 with incorrect amounts, now corrected and have a new IRP5, but on SARS eFiling the old one is still on. What now, have 2 weeks to file?

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What info on Period 1 and Period 2 for provisional tax filing?

Provisional Tax Period 1 2014 was not submitted, Personal tax was submitted on time. According to eFiling I should still submit Period 1 2014? I am confused a

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Period 1 and period 2 what info required for Provisional tax return IRP6.

Late with Prov tax Period 1 2014 that should have been submitted Aug 2013. Personal tax already submitted on time. Confusion as to difference between period

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Tax on leave buyback?

Some are saying that when an employer buys back leave, the employee is taxed at 50%. Is this correct? A client called asking if this is correct. Having neve

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Are private medical expenses especially in terms of drug treatment a tax deduction?

I recently attended an out-patient drug treatment programme at personal cost roughly equal to 1-month's salary. Is there any tax deduction for this non-medical

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Tax on pension gratuity - what is the amount?

Is the gratuity from a government retirement pension taxable and if so what % Yes it is, did you retire due to reaching the age or resign? I will be retir

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What amount of tax should I be paying?

Hi Tim, I am 32 years old and I work as assistant manager. I am aware that I pay tax but I am not sure how much tax do I have to pay every month. How much tax y

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How much the tax I have to pay?

Hi TaxTim I earn R22 000 every month and this goes to in my account, I just registered few days ago. so like to know how much tax I have to pay every month. Than

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Medical aid 3810 fringe benefit tax

I have submitted my return for 2013, but under source code 3810,I have employer tax contributions on my behalf,where they are paying half. I pay the other half

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The company I worked for retired me at the end of October 2013. Can I get an IRP5 form from them now

The company I worked for retired me at the end of October 2013. Can I get an RIP5 form from them now. instead of having to wait until March 2014 You can yes,

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Am I tax resident?

Hi Tim,I was born in South Africa, however have been living out of the country for the last 7 years. (6 of which were spent in the UK). I have recently returned

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Where should a British citizen consulting for a Dutch organisation living in South Africa pay tax?

I am a permanent resident in South Africa, where I have been residing for over three years. I recently started a new job. I am paid as a consultant for a Nether

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Where can I see my finished tax forms?

I used your services on 22 November 2013 and was impressed. I want to print the results to file it in my personal file at work. Where do I go to retrieve it ??

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Have no employer's details to register for tax?

How can I register for tax when I don't have my employer's details You don't need to have your employer's details, just your own in order to register for a t

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I am not employed, can I still register?

I am unemployed, can I still register for a tax number, if yes which documents is required from me to register? You you can still register by clicking the li

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Does SARS recognise a tax loss as a deferred tax asset?

Hi Tim,I am a provisional tax payer and for the 2015 tax year, I will have recorded a net income loss. Am I correct in saying that this will yield me a tax loss

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i want to pay

I already filled in my tax I want to pay now Click on the payments page at the end of the process to get payment instructions.

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Foreign student earning salary and noticed 25% PAYU deduction??

I am a Dutch student doing research work twice a week with a local university, I am legally allowed to work and earn a salary with the university. I however rece

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Amount of PAYE and UIF deducted from a salary of R9500

How much PAYE and UIF would I pay if I earn R9500 a month? Please use our SARS income tax calculator to determine your PAYE and UIF.

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Medical calculation for source code 4008 for 2011 and 2012?

Everywhere I can find a formula on how to calculate the 2013 medical deduction code 4008, but nowhere one for 2012 and 2011. Your example for the 2013 helped a

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